Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
ArisInfra Shares List At 8% Discount Over IPO Price
The shares of ArisInfra made a weak debut on the stock exchanges, listing at an 8% discount to their issue price. This means that the price at which the stock started trading was 8% lower than the price at which the shares were allotted to the investors in the Initial Public Offering (IPO). A listing at a discount is generally seen as a negative sign and indicates a lack of strong demand for the stock in the secondary market. The weak opening could be due to various factors, such as a high valuation of the IPO, weak overall market conditions, or concerns about the company's future prospects. This would have been a disappointing start for the investors who had subscribed to the IPO hoping for listing gains.